NASDAQ:MRVL - Marvell Technology Group Stock Price, News, & Analysis

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group announced a quarterly dividend on Friday, September 14th. Investors of record on Tuesday, October 2nd will be paid a dividend of $0.06 per share on Tuesday, October 23rd. This represents a $0.24 annualized dividend and a yield of 1.51%. The ex-dividend date is Monday, October 1st. View Marvell Technology Group's Dividend History.

Marvell Technology Group announced that its Board of Directors has approved a share buyback plan on Tuesday, October 16th 2018, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 7.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Marvell Technology Group Ltd. (NASDAQ:MRVL) posted its quarterly earnings data on Thursday, September, 6th. The semiconductor company reported $0.28 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.29 by $0.01. The semiconductor company earned $665.31 million during the quarter, compared to analyst estimates of $685 million. Marvell Technology Group had a net margin of 15.36% and a return on equity of 10.70%. Marvell Technology Group's quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. View Marvell Technology Group's Earnings History.

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Tuesday, December 4th 2018. View Earnings Estimates for Marvell Technology Group.

Marvell Technology Group will be holding an earnings conference call on Tuesday, December 4th at 4:45 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8446475488.

25 analysts have issued 12 month price objectives for Marvell Technology Group's shares. Their forecasts range from $13.00 to $33.00. On average, they anticipate Marvell Technology Group's stock price to reach $25.5870 in the next year. This suggests a possible upside of 60.9% from the stock's current price. View Analyst Price Targets for Marvell Technology Group.

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 2 hold ratings and 23 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.

News coverage about MRVL stock has been trending somewhat positive on Saturday, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Marvell Technology Group earned a media sentiment score of 1.7 on InfoTrie's scale. They also gave news stories about the semiconductor company a news buzz of 8.0 out of 10, meaning that recent media coverage is very likely to have an effect on the company's share price in the next several days.

Marvell Technology Group saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 28,058,933 shares, an increase of 6.5% from the October 15th total of 26,334,942 shares. Based on an average daily volume of 13,862,074 shares, the short-interest ratio is presently 2.0 days. Approximately 4.5% of the shares of the stock are short sold. View Marvell Technology Group's Current Options Chain.

Some companies that are related to Marvell Technology Group include Applied Materials (AMAT), Analog Devices (ADI), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Xilinx (XLNX), Advanced Micro Devices (AMD), Kyocera (KYOCY), Microchip Technology (MCHP), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS), STMicroelectronics (STM), ASE Technology (ASX), Qorvo (QRVO) and ON Semiconductor (ON).

Marvell Technology Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include FMR LLC (8.29%), Starboard Value LP (5.21%), BlackRock Inc. (4.94%), Standard Life Aberdeen plc (2.03%), Epoch Investment Partners Inc. (1.67%) and Jennison Associates LLC (1.16%). Company insiders that own Marvell Technology Group stock include Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan and Sehat Sutardja. View Institutional Ownership Trends for Marvell Technology Group.

MRVL stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Los Angeles Capital Management & Equity Research Inc., Soros Fund Management LLC, Victory Capital Management Inc., FMR LLC, Standard Life Aberdeen plc, Glenmede Trust Co. NA and Epoch Investment Partners Inc.. Company insiders that have sold Marvell Technology Group company stock in the last year include Marvell Semiconductor, Inc Ca, Matthew J Murphy and Michael G Strachan. View Insider Buying and Selling for Marvell Technology Group.

MRVL stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Credit Suisse AG, American Century Companies Inc., Wells Fargo & Company MN, Teachers Advisors LLC, Jennison Associates LLC, Allianz Asset Management GmbH and Brown Advisory Inc.. View Insider Buying and Selling for Marvell Technology Group.

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of MRVL stock can currently be purchased for approximately $15.90.

Marvell Technology Group has a market capitalization of $10.36 billion and generates $2.41 billion in revenue each year. The semiconductor company earns $520.83 million in net income (profit) each year or $1.04 on an earnings per share basis. Marvell Technology Group employs 3,749 workers across the globe.

The official website for Marvell Technology Group is http://www.marvell.com.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]